TCS net profit rises 8.7 pc to Rs 12,040 crore in Q1

Jaipur, July 11, 2024.

India’s largest IT services company Tata Consultancy Services (TCS) on Thursday posted an 8.7 per cent year-on-year rise in its consolidated net profit at Rs 12,040 crore in the first quarter ended June 2024.

The net profit for the year-ago period stood at Rs 11,074 crore.

Sequentially, however, the net profit fell 3.1 per cent compared to March quarter. “I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets,” K Krithivasan, Chief Executive Officer and Managing Director of TCS, said in a release.